Godal Member's, Traders and Aspiring Traders . Todays shared post is on ..
Pair : AUDCHF
Time-Frame : DAILY
Biased : Shorts / Bearish
Outlook: Very similar to previous post on gbpusd. Price action had been consolidating for some time , ranging between the two allocated red zones. Price action then went on to break the down side of the identified range. As i always say once support or resistance is broken it becomes the other and on this occasion support was broken making it a resistant zone now . Now the previous support is resistance i will be waiting for price action to pull back and retest zone and with to see if personal entry criteria presents itself for further downside.
Pair : AUDCHF
Time-Frame : DAILY
Biased : Shorts / Bearish
Outlook: Very similar to previous post on gbpusd. Price action had been consolidating for some time , ranging between the two allocated red zones. Price action then went on to break the down side of the identified range. As i always say once support or resistance is broken it becomes the other and on this occasion support was broken making it a resistant zone now . Now the previous support is resistance i will be waiting for price action to pull back and retest zone and with to see if personal entry criteria presents itself for further downside.